Replies to post #73258 on Ayala Pharmaceuticals Inc (ADXS)

[ubmmg]

Wouldn’t a phase 3 this size cost upwards of 30 million

I believe the costs are much higher than than. Annually, I'd estimate the true costs are about $25M-$35M to run this Ph3 trial. How much exactly Adxs is contributing? I'd say about half of that, albeit it's been said that the trial is paid for by the GOG and other entities. If that were the case, Ken would not be suggesting that the Ph3 trial would be terminated if no partner or buyer is found by October '18.

[ignatiusrielly35]

It was said at the time of the Stendhal deal that $10m would cover most of the costs of the trial.

[Traderbx]

Going from memory, the deal was Stendhal will pay for all trail costs in Latin America plus $10 million to ADXS